© 2020
Earnings
Season Day 2. This
morning six more SP 500 companies reported.
Gainers: UNH, BLK
Decliners: GS, BAC, PNC, USB
The
SPX: 3,289.29, DJI: 29,030.22, made
new all-time closing highs today. As Dave mentors live each day: “Trade with
the trend as long as it continues.”
Eight of eleven sectors were higher on Wednesday, led by XLU, XLV and XLP.
SPY up .74 at 328.19 on 72.0 million shares, above average volume. Up on higher volume.
VIX up .03 at 12.42
UNH, V, MRK led the DJIA, 17 advancers, +1
GCI, COTY, NLSN led the SPX, 302 advancers
VRTX, LBTYA, PEP, EXC led the NDX, 51 advancers
Long term up
trend intact. 3-day short term trend is up.
Up: IWM,
DIA, SPY, QQQ
Down:
Breadth improved
on Wednesday as advancers led 1,612 to 1,291 on the NYSE and
led 1,809 to 1,393 on the NASDAQ
The SPX
MFC green line is above 80 and is pointed up at 96 and is short-term bullish.
Uptrend sectors: XLC, XLK, XLI, XLY, XLF, XLV, XLU,
XLB, XLP,
Neutral sectors:
XLE, XLRE,
Down trend sectors:
The 6-month intermediate
trend is up. The ten-day trend is up.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
51 of 100 NDX stocks
closed higher on Wednesday.
86 NDX stocks are above their 30 DMA: AAPL, SWKS, AMD,
FOXA, BMRN, MSFT, ADBE, ADSK, EA,
LULU, MNST, WLTW, CERN, SBUX, MDLZ, VRSK, GOOGL, ASML, MCHP, NXPI, TXN, ATVI,
JD, NVDA, TSLA, ULTA, VRSN, EXPE, MU, AMAT, BIDU, BKNG, CSX, LRCX, MXIM, PYPL,
QCOM, WDC, XLNX, CTAS, EBAY, KLAC, TCOM, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB,
NFLX, SNPS, CHTR, IDXX, INTC, ROST, CMCSA,
ANSS, CDW, CPRT, CSGP, SPLK, TMUS, NTES, CTXS, MELI, WDAY, FISV, REGN,
TTWO, VRTX, NTAP, ADP, PAYX, COST, ISRG, ALXN, CHKP, FAST, MAR, PEP, SIRI,
AMGN, KHC, CTSH, UAL,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 2
CTSH,
UAL,
Moving Below 30 DMA = 3
ADI, ALGN, BIIB,
1 comment:
In the list of stocks above their 30 DMA. What is the criteria indicated by which stocks are in bold or not?
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